Finance & Economy - Page 175

‘Buhari Spent $19bn To Repair Old Refineries, Dangote Built New One With $19bn’

Nasarawa State Governor, Abdullahi Sule, disclosed that over $19 billion used to build Dangote Refinery was spent by former President Muhammadu Buhari to maintain the government-owned refineries. Sule said the refineries in

Fakoyejo Olalekan

June 9, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market Increases Dollar, Pound, Euro Rates

Foreign exchange currencies in the black market – dollar, pound and euro – appreciated against the naira on Thursday, 9 June. Parallel market rate aggregator indicated that the average rate of the

Fakoyejo Olalekan

June 9, 2023

Business·Oil & Gas

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

The Nigerian Governors’ Forum (NGF) has thrown its weight behind the removal of fuel subsidy by President Bola Tinubu. According to the Chairman of the governors’ forum, AbdulRahman AbdulRazaq, Governor of Kwara

Fakoyejo Olalekan

June 8, 2023

Dangote Cement GMD Defends Company's Prices After Criticism

Business·Oil & Gas

NNPC Reveals Dangote Yet To Request Crude Oil Since Commissioning Refinery

The Nigerian National Petroleum Company (NNPC) Limited has revealed that Dangote Refinery is yet to receive crude as the company owned by Aliko Dangote hasn’t made any request. NNPC Limited spokesperson, Garba-Deen

Fakoyejo Olalekan

June 8, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Cost Of Dollar Up In Black Market, Euro Sold At Lower Rate

Foreign exchange traders in the black market were offered the dollar at an average rate of N754.5 kobo on Wednesday. Naira Rates, a black market rate aggregator, reported that the price of

Fakoyejo Olalekan

June 8, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Naira Slumps In Black Market, Dollar, Euro, Pound Rates Rise

The rates for the dollar, euro and pound sterling were increased in the Bureau De Change window of the black market on Tuesday. It was gathered that the naira exchanged for the

Fakoyejo Olalekan

June 7, 2023

Business·Oil & Gas

Fuel Subsidy: FG Should Deregulate, Sell Refineries For Efficiency- Envoy To Burundi

Nigeria’s Ambassador to Burundi, Mr Elijah Onyeagba, has urged the Federal Government to adhere to the provisions of the Petroleum Industry Act (PIA) on deregulation to allow private sector players to come

Victor Ezeja

June 6, 2023

Business·Oil & Gas

KPMG: Benin, Other Neighbouring Countries Benefit From Nigeria’s Fuel Subsidy

KPMG Nigeria has revealed that the removal of fuel subsidy by President Bola Tinubu has led to the price of petrol rising in Benin Republic. According to the financial consulting firm in

Fakoyejo Olalekan

June 6, 2023

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

Gap In Black Market, Official USD Rates Won’t Let Us Import Fuel – Marketers

Oil marketers in Nigeria have revealed the reason importing fuel alongside the Nigerian National Petroleum Company (NNPC) Limited might be impossible. It was stated that their inability to source foreign exchange with

Fakoyejo Olalekan

June 6, 2023

Labour·News

NLC, TUC Suspend Proposed Nationwide Strike Over Petrol Subsidy Removal

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have resolved to suspend the nationwide strike earlier scheduled to begin on Wednesday, June 7, over the removal of subsidy on

Victor Ezeja

June 6, 2023

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Finance & Economy - Page 175

‘Buhari Spent $19bn To Repair Old Refineries, Dangote Built New One With $19bn’

Black Market Increases Dollar, Pound, Euro Rates

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

NNPC Reveals Dangote Yet To Request Crude Oil Since Commissioning Refinery

Cost Of Dollar Up In Black Market, Euro Sold At Lower Rate

Naira Slumps In Black Market, Dollar, Euro, Pound Rates Rise

Fuel Subsidy: FG Should Deregulate, Sell Refineries For Efficiency- Envoy To Burundi

KPMG: Benin, Other Neighbouring Countries Benefit From Nigeria’s Fuel Subsidy

Gap In Black Market, Official USD Rates Won’t Let Us Import Fuel – Marketers

NLC, TUC Suspend Proposed Nationwide Strike Over Petrol Subsidy Removal

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